Piedmont Office (PDM)
NYSE:PDM
PDM Stock Chart & Stats
$6.57
-$0.02(-0.23%)
At close: 4:00 PM EST
$6.57
-$0.02(-0.23%)
Day’s Range― - ―
52-Week Range$5.46 - $9.19
Previous CloseN/A
Volume481.06K
Average Volume (3M)801.90K
Market Cap
$820.26M
Enterprise Value$3.09B
Total Cash (Recent Filing)$731.00K
Total Debt (Recent Filing)$2.27B
Price to Earnings (P/E)―
Beta0.85
Next Earnings
May 04, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend Yield6.09%
Share Statistics
EPS (TTM)-0.35
Shares Outstanding124,849,525
10 Day Avg. Volume717,928
30 Day Avg. Volume801,900
Financial Highlights & Ratios
PEG Ratio-2.65
Price to Book (P/B)0.69
Price to Sales (P/S)1.84
P/FCF Ratio-62.23
Enterprise Value/Market Cap3.77
Enterprise Value/Revenue5.48
Enterprise Value/Gross Profit18.68
Enterprise Value/Ebitda11.11
Forecast
1Y Price Target
$10.00Price Target Upside52.21% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.07
Revenue Forecast (FY)$564.23M
Bulls Say, Bears Say
Bulls Say
Record Leasing MomentumExceptionally high leasing volume demonstrates sustained tenant demand and effective leasing execution. This durable operational strength should reduce vacancy, accelerate stabilization of redevelopments, and provide recurring cash-rent growth that supports mid-term NOI and FFO recovery as new leases commence and roll up existing below-market rents.
Significant Mark-to-Market Rent UpsideMaterial rent roll-ups and a sizeable reversionary gap in Sunbelt submarkets imply structural pricing power. As leases renew and redeveloped space stabilizes, embedded mark-to-market upside can sustainably drive same-store NOI and cash flow expansion over multiple years, improving underlying property economics and FFO per share potential.
Positive Operating Cash FlowConsistent positive operating cash flow provides durable funding for leasing capital, redevelopment costs, and interest service without sole reliance on equity raises. A ~$141M operating cash inflow in 2025 strengthens short-to-medium-term liquidity and supports dividend coverage and selective capital recycling while management executes stabilization and lease-up plans.
Bears Say
Declining Revenue And Multi-Year LossesSustained revenue declines and consecutive annual net losses signal structural profitability pressure. Persistent negative earnings reduce retained earnings, limit internal capital for acquisitions or redevelopments, and heighten dependence on asset sales or external financing to fund growth or dividends, constraining long-term financial flexibility.
Elevated LeverageA debt-to-equity ratio near 1.5x is elevated given recent negative earnings, increasing refinancing and interest-rate sensitivity. Higher leverage limits strategic optionality for acquisitions or repositionings, raises fixed-charge burden during downturns, and makes the REIT more vulnerable to cash-flow shocks even after recent liability management initiatives.
Concentrated 2026 Lease Expirations And Market HeadwindsConcentration of significant expirations creates timing and renewal risk that can materially affect occupancy and near-term cash rents. Combined with localized demand weakness in markets like D.C. and Boston, this concentration raises the probability of vacancy-driven NOI volatility and could delay broader portfolio stabilization and FFO normalization.
Piedmont Office News
PDM FAQ
What was Piedmont Office’s price range in the past 12 months?
Piedmont Office lowest stock price was $5.46 and its highest was $9.19 in the past 12 months.
What is Piedmont Office’s market cap?
Piedmont Office’s market cap is $820.26M.
When is Piedmont Office’s upcoming earnings report date?
Piedmont Office’s upcoming earnings report date is May 04, 2026 which is in 39 days.
How were Piedmont Office’s earnings last quarter?
Piedmont Office released its earnings results on Feb 11, 2026. The company reported -$0.35 earnings per share for the quarter, missing the consensus estimate of -$0.05 by -$0.3.
Is Piedmont Office overvalued?
According to Wall Street analysts Piedmont Office’s price is currently Undervalued.
Does Piedmont Office pay dividends?
Piedmont Office pays a Quarterly dividend of $0.125 which represents an annual dividend yield of 6.09%. See more information on Piedmont Office dividends here
What is Piedmont Office’s EPS estimate?
Piedmont Office’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Piedmont Office have?
Piedmont Office has 124,849,525 shares outstanding.
What happened to Piedmont Office’s price movement after its last earnings report?
Piedmont Office reported an EPS of -$0.35 in its last earnings report, missing expectations of -$0.05. Following the earnings report the stock price went down -7.783%.
Which hedge fund is a major shareholder of Piedmont Office?
Currently, no hedge funds are holding shares in PDM
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Piedmont Office Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$10.00 (52.21% Upside)
$10.00 (52.21% Upside)
Blogger Sentiment
Bullish
PDM Sentiment 100%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 16.0K Shares
Last Quarter.
Last Quarter.
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-11.02%
12-Months-Change
Fundamentals
Return on Equity
-4.45%
Trailing 12-Months
Asset Growth
-3.25%
Trailing 12-Months
Company Description
Piedmont Office
Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in select sub-markets within seven major Eastern U.S. office markets, with the majority of its revenue being generated from the Sunbelt. Its geographically-diversified, approximately $5 billion portfolio is currently comprised of approximately 17 million square feet. The Company is a fully-integrated, self-managed real estate investment trust (REIT) with local management offices in each of its markets and is investment-grade rated by S&P Global Ratings (BBB) and Moody's (Baa2). At the end of the third quarter, approximately 63% of the company's portfolio was ENERGY STAR certified and approximately 41% was LEED certified.
PDM Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed strong operational momentum with record leasing, material rent roll-ups, a sizable lease backlog, and constructive 2026 guidance, supported by balance-sheet actions that reduce future interest costs. Challenges are present—most notably a small decline in Core FFO in 2025, modest AFFO, market-specific headwinds (e.g., parts of D.C. and one Boston asset), and near-term uncertainty from several concentrated 2026 expirations. On balance, the positive operational and financial trends and clear path to mid-single-digit FFO growth in 2026–2027 outweigh the identified weaknesses.View all PDM earnings summariesPDM Stock 12 Month Forecast
Average Price Target
$10.00
▲(52.21% Upside)
Technical Analysis
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Ownership Overview
1.23% Insiders
30.26% Mutual Funds
28.21% Other Institutional Investors
17.75% Public Companies and
Individual Investors